DECL definition
Examples of DECL in a sentence
All payments required to be made by the Corporation or the Subsidiaries pursuant to Section 9.13 or Section 9.14 (or otherwise in respect of any of the Excluded Assets or Excluded Liabilities) shall be funded by advances or contributions by Sellers for additional Common Shares all of which Common Shares will be included in the DECL Shares without any increase of the Adjusted Purchase Price therefore.
At the Closing Date, any restrictions on transfers of the DECL Shares that are set out in the Constating Documents of the Corporation will have been complied with so as to permit the transfer of the DECL Shares to Purchaser.
Sellers are the sole registered and beneficial owners of the DECL Shares with good legal and beneficial title thereto, free and clear of all Encumbrances and adverse claims other than restrictions on transfers and the permitted number of beneficial owners set out in the Constating Documents of the Corporation and any Encumbrances arising out of any action taken by, or in favour of, Purchaser.
Purchaser is acquiring the DECL Shares, in its capacity as principal, and is not purchasing those DECL Shares for the purpose of resale or distribution to a Third Party.
If Closing does not occur, each provision of this Agreement which presumes that Purchaser has acquired the DECL Shares shall be construed as having been contingent on Closing having occurred.
There is no Contract, option or other right binding on Sellers or which may become binding on any Seller to sell, assign or transfer the DECL Shares owned by it other than pursuant to this Agreement.
Each Seller has the exclusive right to sell, assign and transfer the DECL Shares owned by it as provided in this Agreement.
The DECL Shares are all of the issued and outstanding shares of the Corporation.
There exists no shareholder or other agreement which affects the transferability of the DECL Shares and neither the Corporation nor Sellers are a party to any voting trust agreement, unanimous shareholder agreement, share pooling agreement, or other Contract, commitment, plan, or understanding restricting or otherwise relating to voting or dividend rights with respect to the DECL Shares.
The Darebin Enterprise Centre Ltd (DECL) is a small business incubator that works in partnership with the City of Darebin to develop and grow small business.